By Edeki Igafe The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Mr Gbenga Komolafe, made the assertions shortly after he received an Award of ExcellenceContinue Reading
By Emmanuel Oloniruha A Civil Society Organisation (CSO), Oil and Gas Transparency and Advocacy Group has drawn support for President Bola Tinubu on the removal of the petroleum subsidy. The group which has professionals and experts in the oil and gas sector as members disclosed this at a pressContinue Reading
By Emmanuel Oloniruha The Independent National Electoral Commission (INEC) has released the final list of candidates for Nov. 11 governorship election in Bayelsa, Imo and Kogi. Those listed for Bayelsa poll included Gov. Diri Duoye (PDP),Chief Sylva Timipre (APC), Mr Eradiri Udengmobofa (LP), Mr Osuluku Binalatefa (SDP) and Mrs OgegeContinue Reading
By Emmanuella Anokam The Independent Petroleum Manufacturers Association of Nigeria (IPMAN) has endorsed the use of Compressed Natural Gas (CNG) as an alternative energy source to cushion the effect of subsidy removal. IPMAN National President, Elder Chinedu Okorokwo made this known in an interview with the News Agency of NigeriaContinue Reading
By Nefishetu Yakubu Gov. Godwin Obaseki of Edo on Tuesday reduced the number of work days that civil and public servants would have to commute to their workplaces from five days to three days a week, amongst other measures. In a statement made available to newsmen in Benin, Obaseki saidContinue Reading
By Emmanuella Anokam Nigeria and other members of the Oganisation of Petroleum Exporting Countries (OPEC) as well as the Non-OPEC members have agreed to cut production volumes to ensure global oil market stability. The agreement was reached at the 35th Joint Ministerial Monitoring Committee (JMMC) meeting of OPEC held inContinue Reading
By Emmanuella Anokam, News Agency of Nigeria (NAN) No policy in Nigeria’s petroleum industry has generated more controversy than subsidy removal. Since the return to democracy in 1999, it has defied ministers and even the entire lifespan of administrations. The argument is that the pump price of Premium Motor SpiritContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces wouldContinue Reading
By Emmanuella Anokam Tantita Security Services Nigeria Limited, a private security outfit engaged by the Nigerian National Petroleum Company Limited (NNPC Ltd.) has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. The NNPC Ltd. security contractor and the Nigerian Security Operatives onContinue Reading
By Emmanuella Anokam Tantita Security Services Nigeria Limited, a private security outfit engaged by the Nigerian National Petroleum Company Limited (NNPC Ltd.) has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. The NNPC Ltd. security contractor and the Nigerian Security Operatives onContinue Reading
